Title: QUIZ: Factors of Production -- Economic Lowdown Audio Series
Course: Andria Testing FRE2 > Section: Factors of Production -- Economic Lowdown Audio Series

Q: The resources that are the building blocks of the economy are known as _____________.
- factors of production
- income
- raw materials
- interest
A: factors of production

Q: Which of these correctly lists the factors of production?
- Land, labor, money, entrepreneurship
- Land, labor, scarcity, entrepreneurship
- Land, labor, capital, entrepreneurship
- Land, labor, production, entrepreneurship
A: Land, labor, capital, entrepreneurship

Q: What type of material is a land resource in the production process?
- Stethoscope
- Delivery truck
- Copper
- Textbook
A: Copper

Q: What is income earned by labor resources called?
- Wages
- Interest
- Rent
- Revenue
A: Wages

Q: Which of the following is a capital resource a construction company might invest in?
- An airplane
- Shares of stock in a lumber company
- Lumber
- A dump truck
A: A dump truck

Q: The payment to entrepreneurship is_______.
- wages
- interest
- profit
- rent
A: profit